Jasonjst 3rd Gear October 31, 2010 Share October 31, 2010 (edited) With the heated debate on Retirement age , Dont know why defend SG , FTs issue, HDB out of reach ,high COE, ERP, MRT sadine pack , ever increasing cost of living .... will you consider retiring in another country , or stay in SG to work for the rest of your life ? Edited October 31, 2010 by Jasonjst ↡ Advertisement Link to post Share on other sites More sharing options...
Nullifi3d 4th Gear October 31, 2010 Share October 31, 2010 Yes. Provided i have worked up my savings and retirement plan. Once i hit the 7 digit figure in savings, i'm moving to a developing nation. Link to post Share on other sites More sharing options...
Wind30 Turbocharged October 31, 2010 Share October 31, 2010 I thought of that but I don't think so. I look around I see my family, the hawker centers, orchard road. I think I still like it here. Overseas is for holidays lar. Link to post Share on other sites More sharing options...
SimonTan 2nd Gear October 31, 2010 Share October 31, 2010 With money Singapore is the best place to retire. You will be safe and is close to the city beat, get medical help, get shopping, get food easily 24/7. Other countries.....well.....not sure the slow lifestyle may be boring after few months. I assume when one says migrating to retire, means to go to a slow and big country to enjoy the open space and fresh mountains ai.? How much gardening, climbing montains, walking in the parks can a retired old person do anyway? Link to post Share on other sites More sharing options...
XALmoN Neutral Newbie October 31, 2010 Share October 31, 2010 my dream/interest is in growing stuff, especially fish/fruits and then, also building things, i can't do any of those in singapore, tassie sounds like a good place, i like peace and quiet. Link to post Share on other sites More sharing options...
Sgnick 1st Gear October 31, 2010 Share October 31, 2010 Can someone tell me for a couple, how much $ is needed for every 10 years of retirement if they retire right now? And in which country/city? Just a wild guess example to show what I am asking for: India/Hyderabad, SGD$150K, so if want to retire 40 years = SGD$600K b4 factoring inflation Link to post Share on other sites More sharing options...
Pckwpckw Neutral Newbie October 31, 2010 Share October 31, 2010 Singapore is the best city in asia why retire oversea no logic. Singapore is so efficient and super low tax rate. I love Singapore. Link to post Share on other sites More sharing options...
Spurman Supercharged October 31, 2010 Share October 31, 2010 Retire in boleh land. Corruption yes. So what. Can speak mandarin and English and Cantonese and hokien and we look like malaysians too. No much diff. Family n friends? Easy. I m sure quite a fair no of sinkies also tink like me, retire in boleh land. Link to post Share on other sites More sharing options...
Kelpie 2nd Gear October 31, 2010 Share October 31, 2010 Can someone tell me for a couple, how much $ is needed for every 10 years of retirement if they retire right now? And in which country/city? Just a wild guess example to show what I am asking for: India/Hyderabad, SGD$150K, so if want to retire 40 years = SGD$600K b4 factoring inflation I think to retire in another country, you need to 1st settle a shelter. In MY, you need to buy a house for RM250k, minimum. A decent car probably set you back around RM100K but no COE, low tax & no parking fees. Make sure you are well covered medically, since MY so near, can always go back SG for hospitalization if not comfortable with local hospitals. I think RM200 per month got change for utilites. Each month living expenses not exceeding RM600 (makan, movies, driving & etc). Regards, Link to post Share on other sites More sharing options...
Observer 4th Gear October 31, 2010 Share October 31, 2010 True. Singapore is the best place to retire. As for why people bother to go overseas and retire, cause they do not have enough to retire here. It is very different to travel overseas as compared to staying there long term Link to post Share on other sites More sharing options...
Kelpie 2nd Gear October 31, 2010 Share October 31, 2010 True. Singapore is the best place to retire. As for why people bother to go overseas and retire, cause they do not have enough to retire here. It is very different to travel overseas as compared to staying there long term Not true that those who don't have enough will choose to go overseas. You 1st need some cash to settle there i.e. to buy house, vehicles and etc while keeping your properties in SG. Regards, Link to post Share on other sites More sharing options...
Jasonjst 3rd Gear October 31, 2010 Author Share October 31, 2010 With money Singapore is the best place to retire. You will be safe and is close to the city beat, get medical help, get shopping, get food easily 24/7. Other countries.....well.....not sure the slow lifestyle may be boring after few months. I assume when one says migrating to retire, means to go to a slow and big country to enjoy the open space and fresh mountains ai.? How much gardening, climbing montains, walking in the parks can a retired old person do anyway? Yes fully agree the Got Money part !! What happen if the scenario is this :- You are a average Joe in the early 60s .... your saving is just enough to survive another 20 to 25 years of low key living in a slower economy. If you continue working in SG you are paid like $800/= doing some low end job, you may need to top up another $700 from your hard earn saving to survive in SG . What advise you will give to Joe then ? (A lot of rich ppl in MFC will say this is because Joe is not competivity , lazy and hence got himself to be blame ! ) Link to post Share on other sites More sharing options...
Observer 4th Gear October 31, 2010 Share October 31, 2010 Not true that those who don't have enough will choose to go overseas. You 1st need some cash to settle there i.e. to buy house, vehicles and etc while keeping your properties in SG. Regards, Face the fact, you will require lesser to retire than say some lesser developed countries i.e bolehland If singapore can offer what bolehland offers, you think ppl still want to go there? Link to post Share on other sites More sharing options...
Kelpie 2nd Gear October 31, 2010 Share October 31, 2010 Face the fact, you will require lesser to retire than say some lesser developed countries i.e bolehland If singapore can offer what bolehland offers, you think ppl still want to go there? The fact is Singapore can't offers those stuff . Sometimes it is not always about money that make you want to spend more time in overseas. Regards, Link to post Share on other sites More sharing options...
GoodCar 4th Gear October 31, 2010 Share October 31, 2010 Young and Aspiring civil servant must always remember that we are a country, not a company. We also do not have kampong to retreat to like other big country. Ti kong Bo bi, long live Lion city. Link to post Share on other sites More sharing options...
GoodCar 4th Gear October 31, 2010 Share October 31, 2010 Yes. Provided i have worked up my savings and retirement plan. Once i hit the 7 digit figure in savings, i'm moving to a developing nation. Window of opportunity closing Liao......now a bit too late with all the new housing rule..... Link to post Share on other sites More sharing options...
Kelpie 2nd Gear October 31, 2010 Share October 31, 2010 Yes fully agree the Got Money part !! What happen if the scenario is this :- You are a average Joe in the early 60s .... your saving is just enough to survive another 20 to 25 years of low key living in a slower economy. If you continue working in SG you are paid like $800/= doing some low end job, you may need to top up another $700 from your hard earn saving to survive in SG . What advise you will give to Joe then ? (A lot of rich ppl in MFC will say this is because Joe is not competivity , lazy and hence got himself to be blame ! ) I thought there was once a survey shown that only a very low percentage of Singaporean have enough for retirement. So is the govt going to give money to support the average and below average Joe? The answer is no so better to get prepared early than to be sorry later. Import FT better, they just worked here and Govt don't have to worry about their old age matters. The average Joe only have SG to call their home and where can they go? By then, how many true blue Singaporean can really call Singapore their home when they get old? Very sad. Regards, Link to post Share on other sites More sharing options...
Observer 4th Gear October 31, 2010 Share October 31, 2010 The fact is Singapore can't offers those stuff . Sometimes it is not always about money that make you want to spend more time in overseas. Regards, U can say Switzerland, that's ok. But Malaysia and Singapore? What makes u want to spend more time in Malaysia? ↡ Advertisement Link to post Share on other sites More sharing options...
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